Location: Karnes County, TX | Metro: Karnes County, TX
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 78117 presents a unique set of conditions that will influence pricing power and investment strategies over the next 12-24 months. With a median home value currently unavailable, it's important to look at other metrics such as the percentage of listings that have been reduced and the median days on market (DOM), which are also not provided. However, these missing data points suggest a potential lack of recent comprehensive market analysis, indicating that there might be an incomplete picture of the current housing market dynamics.
On the rental side, the Fair Market Rent (FMR) for ZIP 78117 stands at $1,170 for the fiscal year 2026, according to the latest metro area data. This figure is crucial for understanding the potential income from properties in this area under the Section 8 program. Without the specific market rent figure, it's challenging to make a direct comparison between the FMR and the local rental market. Nonetheless, if the FMR is indicative of the local rental rates, it suggests that landlords can expect to receive a reasonable rental income that aligns with the national standards for subsidized housing.
For long-hold investors, the setup in ZIP 78117 implies a cautious approach to appreciation expectations. Given the absence of key data points such as the median home value and the percentage of listings that have been reduced, it's difficult to pinpoint exact appreciation rates. However, the combination of limited data availability and the FMR figure suggests that while there may be some stability in rental income, the growth in property values could be modest. Investors should focus on maintaining properties to ensure they meet the requirements for Section 8 tenants and keep rental income steady, rather than relying on significant capital appreciation.
In conclusion, ZIP 78117 offers a stable rental market with predictable income based on the FMR. The lack of recent detailed home value data indicates a need for further investigation into the local housing trends before making bold claims about future price movements. Long-term investors should prioritize property management and maintenance to sustain rental income, recognizing that substantial appreciation may not be a guaranteed part of their investment thesis.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.